Hinterlander May / June 2018 | Page 3

KLEINHANDELSTORIES Retail 4 tales Reasons Why the Customer Is Always Right WE’VE ALL HEARD THE OLD SAYING THAT “THE ARE FOUR REASONS WHY: and associates as human beings. Business ethics classes also teach that all departments within a business establishment should have a uniform code of conduct. This code of conduct should display the heart of the business, which should include love and loyalty to their customers. The Customers Make the Business It Sets a Standard of Customer Service Excellence One reason that many businesses still go by the “customer is always right” - standard is that they know how important their customers are. A business without customers is just a group of people pitching a product to deaf ears. The customer is always right because, as a business, you want your customers to return as well as feel welcome and appreciated. Many businesses lose sight of this fact when they become wealthy, not realising that they can still lose everything without the love and loyalty of their customers. “The customer is always right” also sets a standard for the cus- tomer service department that strives for excellence. Customer service experiences are one of the leading causes of customer loyalty and customer loss. Every customer matters. Therefore, businesses should strive to create an environment of consistent extra-mile type service. It is essential for you to communicate effectively so that you and your customers can find the best possible solution for any issue. CUSTOMER IS ALWAYS RIGHT”. BUT IS THE CUS- TOMER REALLY ALWAYS RIGHT? OF COURSE! HERE The Backlash Could Be Devastating The backlash from displeasing just one customer can be de- vastating to a business model. Just one disgruntled complaint can leave a business with a poor reputation on social media. An established business may also lose a lot of profits behind the ordeal. When it comes to new business, they may not be able to recover from damage like this because of how new it is. Things like this can really sink your business, even with the help of a reputation management company. Allowing the customer to be right in the midst of disputes is the smart way to handle business relations. It is not worth risking destruction by insisting on being right. Sometimes it is best to just stay focused on the bigger picture and let things go. It is also essential that you don’t forget the customers that helped make your business what it is today. Source: From winthecustomer.com It’s Good Business Ethics Making the customer right at all times is a positive business ethic. Any business owner who has studied business adminis- tration knows that because of the assortment of courses they have to take that cover that very topic. In programmes like this, students learn the essentials of a variety of subjects such as financial management, marketing management and business ethics. Business ethics is a group of morally correct actions that further the reputation of the business by treating customers 3